Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement
Ali Sahraee, the chief govt officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the invention of cryptocurrency mining rigs within the constructing.
According to a report from the nation’s state-run media, the Islamic Republic News Agency, Tehran Stock Exchange, or TSE, market vice chairman Mahmoud Goudarzi shall be leading the corporate following the departure of Sahraee. The change in management appears to be the results of “a number of miners” being found within the basement of the TSE constructing situated within the district of Sa’adat Abad.
The TSE reportedly initially denied the existence of the miners, saying the tools was a part of a analysis mission. However, govt deputy director Beheshti-Sarsht later stated the corporate must be held accountable for its actions.
Iranian President Hassan Rouhani introduced in May that Bitcoin (BTC) and cryptocurrency mining can be prohibited over the summer time in an try to scale back calls for on the nation’s energy grid. It’s unclear when authorities found the mining rigs in a “sudden inspection” of the TSE basement, however the exercise was seemingly nonetheless unlawful till the final week of September.
During the ban, authorities performed many raids on crypto miners huge and small, seizing illegally working miners and fining households answerable for producing blocks. However, nearly all of the raids had been centered on deserted factories, houses, and small companies — nothing fairly as excessive profile as Iran’s largest inventory exchange.
Related: Iranian crypto miners utilizing family vitality will face massive fines
The vitality disaster in Iran has led to blackouts and brownouts, with many officers blaming crypto mining for sucking up the juice. However, an August report from the nation’s Ministry of Industry, Mine and Trade stated that the claims that some authorities had made concerning the facility utilization of crypto miners “seem to be highly exaggerated.”